Banking and Financial Institutions

1:

The functions of SFCs include

A.
Grant of loans and advances to or subscribe to debentures of industrial concerns repayable within a period not exceeding 20 years, with option of conversion into shares or stock of industrial concern.
B.
Guaranteeing loans raised by industrial concerns which are repayable within a period not exceeding 20 years.
C.

Both (a) and (b)

D.

None of these

 

Answer : C

Explanation :

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Option: A

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